Expand Energy Scoops Up Twin Eagle in $1.25 Billion Deal
Expand Energy Corporation has taken a significant step towards becoming a leading integrated natural gas company in North America through its acquisition of Twin Eagle Holdings, N.A., LLC for $1.25 billion. The deal is expected to close in the third quarter of 2026, pending customary regulatory approvals and closing conditions.
The acquisition will be financed using a combination of cash on hand and borrowings under Expand's revolving credit facility. Upon completion, the transaction is set to enhance the company's commercial capabilities, expand market access, and create new opportunities for long-term shareholder value.
Twin Eagle has built a strong reputation through its asset-backed natural gas marketing business, physical supply management, logistics expertise, transportation optimization, and advanced analytics. By integrating these capabilities with Expand's production strength, the company will be able to generate value from production through final delivery.